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Problem 11-2A Fechter Corporation had the following stockholders' equity accounts on January 1 2015: Common...

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Accounting

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Problem 11-2A Fechter Corporation had the following stockholders' equity accounts on January 1 2015: Common Stock $5 par following treasury stock transactions. followings In 2015, the 542,650 Paid-an Capital in Excess of Par Common Stock185,430, and Retained Earnings s 101,930 company had the following tresury stock Mar. 1 Purchased 6,000 shares at $8 per share. June 1 Sold 1,260 shares at $13 per share Sept.1 Sold 1,970 shares at $10 per share. Dec. 1 Sold 1,450 shares at $6 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2015, the company reported net income of $34,950

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